Trading and investing in the forex markets using chart techniques

Trading and investing in the forex markets using chart techniques The purpose of this book is to demonstrate how to find opportunities that present themselves as trade and investment opportunities.

Category: Forex

Author: Gareth Burgess

Language: English

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Introduction

The purpose of this book is to demonstrate how to find opportunities that present themselves as trade and investment opportunities. The signals, the warnings about market sentiment, and the context and confirmation of signals that are necessary will become apparent, and you will be introduced to some of the familiar chart techniques
that have stood the test of time, examples made available in such a way that it will not take long to understand how to apply these techniques to your own charts and study them for market opportunities.

The financial markets do not care who you are or what you do but you care about the markets because you don’t want to be treated badly by them for not having done your chart analysis properly. Remember, opportunities don’t look you in the face every day, but when they do you should exploit them to the full. Chart technical analysis will help you do this, set strategically into the financial playing field where luck is not a fact!

Finally, if you have experienced bad investments and wrong trade decisions you need to identify those factors that have undermined the investment and neutralise them. You will have to take steps to strengthen your decision process and become capable of resisting other challenges that might give rise to faulty decision making. This book will help you to at least see signals that are presenting a market that has an investment opportunity. They are clear and concise and therefore should help your decision-making process. If you feel, however, the need to look for advice by listening to other people, or other recommendations, then at least try to listen only to those people who have real trading experience!

Contents- Trading and investing in the forex markets using chart techniques

Preface

1 Candlesticks = Signals
Introduction
Japanese Candlestick Signals
The Single Signals
Japanese Candlesticks – Double Candle Signals
Some Candlestick Examples
Some Further Candlestick Examples
Chart Analysis Exercise 1
Summary

2 Chart Patterns = Opportunity
Continuation Patterns
Reversal Patterns
Bear Flags
Bear Pennant
Bull Symmetrical Triangle
Bull Falling Wedge
Inverted Head and Shoulders Continuation

Part Two – Reversal Patterns
Bullish Head and Shoulders Reversal Pattern
Triple Top Pattern
Triple Bottom Pattern
The Double Top Pattern
The Double Bottom Pattern
The Bullish and Bearish “V” Pattern
Bullish “V” Top
Bearish “V” Bottom
The Broadening Top and Bottom
Some Chart Pattern Examples
Chart Analysis Exercise 2
Summary

3 Buying and Selling = Support and Resistance Levels
Support and Resistance
Trend Lines
Trend Line Channels
Intermediate Trend Lines
Internal Trend Lines
Pivot Lines
Predetermined Pivot Highs and Lows
Calculated Pivot Lines
Fibonacci Levels
Chart Analysis Exercise 3
Chart Analysis Exercise 4
Summary

4 Applying Confirmation = Confidence Builing
Simple Moving Average (SMA)
Simple Moving Average Channel
Chart Analysis Exercise 5
Momentum Oscillators
The RSI Oscillator
The Stochastic Oscillator (Slow)
The MACD Oscillator
Chart Analysis Exercise 6
Chart Analysis Exercise 7
Summary

5 Entry and Exit = Right or Wrong?
Climax Volume
Pivot Lines as Entry and Exit
High/Low/Close and High/Low Calculated Pivot Lines
Candlesticks on Short-Term Charts
Patterns on Short-Term Charts
Summary

6 Putting it all together = Practice and Patience
Finding the Technical Picture
Creating the Watch List
Money Management
Summary
A Word on Filters
A Word on Recommendations
Final Word
Appendix
Further Reading
Index

About the author

Gareth Burgess has over 10 years experience applying chart techniques to investment analysis creating technical views and strategies and is a dedicated private investor himself. He is founder of the chart workshop (www.chart-workshop.de), a provider of technical views for investors.

His current research interests are on moving average based signals from which many trading systems are based today. Burgess studied at the University of Liverpool and the University of Konstanz, Germany, and graduated with honours. Burgess also went on to complete a Masters research degree, M.Phil.

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